Power industry M&A deals in April 2019 total $7.41bn in US

20 May 2019 (Last Updated May 20th, 2019 10:49)

Power industry M&A deals in April 2019 total $7.41bn in US

Total power industry M&A deals in April 2019 worth $7.41bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 142% over the previous month and a rise of 78.5% when compared with the last 12-month average of $4.15bn.

The US held a 62.8% share of the global power industry M&A deal value that totalled $11.82bn in April 2019.

In terms of deal activity, the US recorded 36 deals during April 2019, marking an increase of 71.4% over the previous month and a rise of 28.6% over the 12-month average.

The US power industry M&A deals in April 2019: Top deals

The top five power industry M&A deals accounted for 96.2% of the overall value during April 2019.

The combined value of the top five power industry M&A deals stood at $7.14bn, against the overall value of $7.41bn recorded for the month. The top announced power industry M&A deal tracked by GlobalData in April 2019 was Waste Management’s $4.9bn acquisition of Advanced Disposal Services.

In second place was the $1.25bn asset transaction with Duke Energy Renewables by John Hancock Infrastructure Fund and John Hancock Life Insurance(U.S.A.) and in third place was Austin Energy’s $460m asset transaction with Southern Power.

The $310m asset transaction of wind farm situated in Texas by Terna Energy and DIF Infrastructure V and Goldman Sachs Renewable Power’s asset transaction with Macquarie Infrastructure for $215m held fourth and fifth positions, respectively.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.